‘Cliff’ talks: Geithner invites GOP counteroffer

Posted on 02 December 2012. Tags: , , , ,

President Barack Obama greets the crowd after speaking at The Rodon Group manufacturing facility, Friday, Nov. 30, 2012, in Hatfield, Pa. Obama spoke at the toy company about how middle class Americans would see their taxes go up if Congress fails to act to extend the middle class tax cuts. (AP Photo/Matt Slocum)President Barack Obama is ready to entertain Republican proposals for spending cuts, but GOP lawmakers must first commit to higher tax rates on the rich and specify what additional spending cuts they want in a deal to avoid the looming "fiscal cliff," Treasury Secretary Timothy Geithner said.




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